Salary & Cost of Living in Cincinnati, OH
Cincinnati, OH: $58,000 median salary, cost of living index 90, $10.65/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$58,000
$28/hr
Cost of Living
90
US avg = 100
Minimum Wage
$10.65
per hour
Unemployment
3.5%
rate
Cincinnati, OH Overview
Population
309,317
Median Salary
$58,000
Average Salary
$64,500
Avg Commute
24 min
Median Home Price
$210,000
Median Rent
$1,050/mo
Job Growth
+1.5%
Sales Tax
7%
Cincinnati is located in Ohio with a population of 309,317. The median household salary is $58,000 per year ($28/hour), which is $1,384 below the national median of $59,384. The average commute time is 24 minutes, and the city has a job growth rate of +1.5%.
Cincinnati Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Cincinnati, OH, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$45,394
$3,782.79/month · $1,745.90/biweekly · Effective Rate: 21.7%
Gross Pay
$58,000
Federal Tax
-$4,922
State Tax
-$2,030
Local Tax
-$1,218
FICA
-$4,437
Net Pay
$45,394
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,833.33 | $58,000.00 |
| Federal Income Tax | -$410.13 | -$4,921.50 |
| Ohio State Tax (3.5%) | -$169.17 | -$2,030.00 |
| Local Tax (2.1%) | -$101.50 | -$1,218.00 |
| Social Security (6.2%) | -$299.67 | -$3,596.00 |
| Medicare (1.45%) | -$70.08 | -$841.00 |
| Net Take-Home Pay | $3,782.79 | $45,393.50 |
Salary Comparison: Cincinnati vs Other Cities
See how Cincinnati's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Cincinnati, OH | $58,000 | 90 | $64,444 |
| National Average | $59,384 | 100 | $59,384 |
| Escondido, CA | $58,000 | 135 | $42,963 |
| Newark, DE | $58,000 | 102 | $56,863 |
| Jacksonville, FL | $58,000 | 96 | $60,417 |
| Palm Bay, FL | $58,000 | 95 | $61,053 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Cincinnati
Cincinnati's cost of living index is 90 (national average = 100). Living in Cincinnati is 10% less expensive than the national average.
Median Home Price
$210,000
Median Monthly Rent
$1,050
Annual Rent Cost
$12,600
Your Salary's Purchasing Power
Your $45,394 annual take-home pay in Cincinnati has the purchasing power of approximately $50,437 in an average-cost US area. Your $58,000 salary stretches further here than in most US cities.
Top Industries in Cincinnati
Cincinnati's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $58,000.
Salary Tips for Cincinnati Workers
- Research top industries. Cincinnati's top industries include Finance, Healthcare, Manufacturing. Targeting roles in these sectors can help you earn above the $58,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
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Frequently Asked Questions
What is the median salary in Cincinnati, OH?
The median salary in Cincinnati, OH is $58,000 per year, or $28 per hour. The average salary is $64,500. This is $1,384 below the national median of $59,384.
What is the cost of living in Cincinnati, OH?
Cincinnati's cost of living index is 90 (national average = 100), meaning it is 10% less expensive compared to the national average. The median home price is $210,000 and the median monthly rent is $1,050.
What are the best industries in Cincinnati?
The top industries in Cincinnati, OH include Finance, Healthcare, Manufacturing. The city has a job growth rate of 1.5% and an unemployment rate of 3.5%. Workers in these industries often earn above the city's median salary of $58,000.
How does Cincinnati's salary compare to other cities?
Cincinnati's median salary of $58,000 is 2.3% below the national median of $59,384. However, when adjusted for cost of living (index: 90), the real purchasing power is approximately $64,444.
What is the minimum wage in Cincinnati, OH?
The minimum wage in Cincinnati, OH is $10.65 per hour. This equals approximately $22,152 per year for a full-time worker (40 hours/week). This is $3.40 above the federal minimum wage of $7.25/hour.